Sudarshan Sukhani: BUY Tata Communications, UBL; SELL HDFC AMC and Persistent Systems
Technical Analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session. Indian markets are expected to open positive today. Asian stocks were trading positive this morning after last week’s volatile and choppy sessions. Indian markets will be waiting for trends from the European markets. US Markets will remain closed today due to Labor Day holiday.
Sukhani has suggested BUY Call for technology major Tata Communications with a stop loss at Rs 1,200. Sukhani doesn’t offer target price for stocks. Traders can decide their own target price depending on their risk appetite. The stock is looking strong on the charts. Traders can BUY UBL with a stop loss at Rs 1,660, as per Sukhani.
Sukhani has suggested SELL Call for HDFC AMC with a stop loss at Rs 2,050. Traders can initiate a SELL Trade for Persistent Systems with a stop loss at Rs 3,442, as per Sukhani.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.